Surge in global betting on energy markets seen on Monday morning 15 minutes prior to Donald Trump’s Truth Social post announcing ‘productive’ talks with Iran

A surge in betting on global oil markets just 15 minutes before Donald Trump announced a temporary halt to his airstrikes on Iran this week has sparked claims of insider trading.

Trump said on his Truth Social platform at 7.05 a.m. Monday: “I am please [sic] to report that the United States of America, and the country of Iran, have had, over the last two days, very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East.”

Iran denied any such talks had taken place, branding them “fake news”.

But according to Bloomberg, at least 6 million barrels of Brent and West Texas Intermediate were suddenly sold between 6.49 a.m. and 6.51 a.m, raising suspicions that word of the president’s announcement was leaked in advance.

  • melsaskca@lemmy.ca
    link
    fedilink
    arrow-up
    26
    ·
    3 days ago

    Now there is concern? A little late to the game. This happens weekly. I’m not even sure if the stock market is based on any sort of reality nowadays, after it’s been so manipulated by trump and his cabal of opportunistic scoundrels.

    • IronBird@lemmy.world
      link
      fedilink
      arrow-up
      5
      ·
      edit-2
      3 days ago

      casino has been rigged for a hell of a lot longer than trump and co.

      stock market has been the only thing anyone running this country cares about since Carter and Rothschild pegged everyones retirement to the casino

      read Reminiscences of a Stock Operator, basically a tongue-in-cheek guidebook to how this shit works written over a century ago

      $ is the only thing that has ever been sacred to america

      • tb_@lemmy.world
        link
        fedilink
        arrow-up
        6
        ·
        3 days ago

        casino has been rigged for a hell of a lot longer than trump and co.

        Perhaps, but it wasn’t always this blatant and this volume.